68 Ventures, a real estate development and construction firm based in Baldwin County, Alabama, has sold Truland Homes, a private homebuilder in the Alabama Gulf Coast and Florida Panhandle areas, to D.R. Horton, the largest homebuilder in the United States. The deal, which was finalized on June 30, is expected to cost D.R. Horton approximately $100 million in cash.

Truland Homes has been in business for over 13 years and has built more than $1 billion in homes in Baldwin County and Northwest Florida. The company has a strong reputation for quality and customer service, and it is known for its innovative designs and energy-efficient homes.

D.R. Horton is a Fortune 500 company that builds homes in 79 markets across the United States. The company has been growing rapidly in recent years, and this acquisition will help it to further expand its presence in the Gulf Coast region.

The acquisition of Truland Homes is a significant milestone for both companies. It is a sign of D.R. Horton's confidence in the Gulf Coast market, and it is a testament to the success of Truland Homes. The deal is also a win for consumers, as it will likely lead to more competition and lower prices in the homebuilding market.

It remains to be seen how this acquisition will impact the market dynamics in the Gulf Coast region and beyond. However, it is clear that this is a major deal that will have a significant impact on the homebuilding industry.

Here are some additional details about the acquisition:

• D.R. Horton will acquire approximately 263 lots, 155 homes in inventory, and 55 homes in sales order backlog from Truland Homes.
• D.R. Horton will also acquire 156 lots and control of around 400 lots from other companies affiliated with Truland, as well as 201 lots and control of around 260 lots from third parties.
• Truland Homes has a substantial presence in Alabama and Florida, with 12 communities in Alabama and seven in Florida. This acquisition will significantly expand D.R. Horton's footprint in these regions.
• The deal does not include any future developments that Truland Homes may have in the pipeline.